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Demo Accounts - Which ones stay open with no recent trades?
Jan 01, 2015 at 07:52
Hi guys,
Can you please advise which brokers allow you to keep Demo accounts open indefinitely? I'm currently using Alpari UK but they close them down after 30 days of no trades and I want to list my demo accounts on here on a monthly basis. As I am now done with Dec14, there will be no more trades on that account but I need to keep all the trades I did on it "clickable" via MyFXBook.
Thanks
Can you please advise which brokers allow you to keep Demo accounts open indefinitely? I'm currently using Alpari UK but they close them down after 30 days of no trades and I want to list my demo accounts on here on a monthly basis. As I am now done with Dec14, there will be no more trades on that account but I need to keep all the trades I did on it "clickable" via MyFXBook.
Thanks
Mitglied seit Aug 27, 2017
875 Posts
Feb 27, 2019 at 08:22
To be honest, new traders should avoid these type brokers; since only 30 days even 6 months are not enough in general. So, using a wide demo service is important.
keeping patience.......
Mar 02, 2019 at 10:13
The demo account is the master place for a beginner to acquire all basic fundament information which is very supportive to continue a live account in a proper way. But practically most of the beginners don’t believe the importance of this trading place at all. In my trading career, I use all my trading strategies in demo trading to see the performance how it works.
Mitglied seit Aug 27, 2017
875 Posts
Apr 26, 2019 at 12:29
Mohammadi posted:
The demo account is the master place for a beginner to acquire all basic fundament information which is very supportive to continue a live account in a proper way. But practically most of the beginners don’t believe the importance of this trading place at all. In my trading career, I use all my trading strategies in demo trading to see the performance how it works.
Nice to know, you used the demo on the right way! By the way, I have one question to you; if you don’t mind actually! How many months you used the demo?
keeping patience.......
Apr 29, 2019 at 10:43
Adribaasmet posted:Mohammadi posted:
The demo account is the master place for a beginner to acquire all basic fundament information which is very supportive to continue a live account in a proper way. But practically most of the beginners don’t believe the importance of this trading place at all. In my trading career, I use all my trading strategies in demo trading to see the performance how it works.
Nice to know, you used the demo on the right way! By the way, I have one question to you; if you don’t mind actually! How many months you used the demo?
I don’t know; why you asked that question; because as I see; it varies on traders to traders! But generally it takes such a long time to learn Forex.
May 15, 2019 at 05:47
AmDiab posted:Adribaasmet posted:Mohammadi posted:
The demo account is the master place for a beginner to acquire all basic fundament information which is very supportive to continue a live account in a proper way. But practically most of the beginners don’t believe the importance of this trading place at all. In my trading career, I use all my trading strategies in demo trading to see the performance how it works.
Nice to know, you used the demo on the right way! By the way, I have one question to you; if you don’t mind actually! How many months you used the demo?
I don’t know; why you asked that question; because as I see; it varies on traders to traders! But generally it takes such a long time to learn Forex.
true, trade on demo until you think your strategies are ready to be applied on real money. once your strategies are up and working, only then shift to real account.
May 15, 2019 at 07:14
Roberto21 posted:
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.
I don’t think; in the beginning stage; demo contest is relevant; since new traders need to focus on learning only.
May 24, 2019 at 07:14
I can't say which one exactly, but that is really bad, you shouldn't deal with that brokers anyway. I assume demo account should be open for something like .....indefinite term of use, cause you may have other plans or something like that. They shouldn't force you to live one.
May 27, 2019 at 15:15
Imamul posted:
demo is good bu the experience we took generally from here practically
not works when trading in a live , its a reality,
In this case, we need to work with small trading balance of demo! Because, I see with a healthy virtual balance, new traders lose their momentum too early!
Mitglied seit May 28, 2019
9 Posts
May 28, 2019 at 11:25
If a broker offers limited periods demo account just call them and they will extend it
Mitglied seit Aug 27, 2017
875 Posts
Jun 25, 2019 at 05:36
Imamul posted:
in Fx The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.
I don’t think, it’s good choice! I mean, having any particular target on demo! New traders should practice their demo until they have a consistent result! Otherwise, the live trading will be painful.
keeping patience.......
Mitglied seit Apr 18, 2019
28 Posts
Sep 07, 2019 at 17:12
Yes, I do agree with many people that they should allow to trade on demo for like 1 year probably and then switch you to paid anyway. See my point ? I am totally lost here completely. Thanks for this matter, I do hope to work with it. Glad to have you here.
